Crores

ARTICLES ABOUT CRORES BY DATE - PAGE 4

NEW DELHI: GlaxoSmithKline Pharmaceuticals today reported 5.09 per cent decline in its net profit at Rs 93.28 crore for the first quarter ended June 30, hit by supply constraints. The company had posted a net profit of Rs 98.29 crore for the same period of previous fiscal. Net sales of the company also declined to Rs 621.85 crore for the first quarter, as compared to Rs 654.96 crore in the same period of previous financial year, GlaxoSmithKline Pharmaceuticals said in a filing to the BSE. "The quarterly performance was impacted by supply constraints," it added.

MUMBAI: Mumbai-based Glenmark Pharma on Thursday posted an 11% rise in its first quarter revenue, driven by sales in India and Latin American markets. The company's revenues rose to Rs 1,655 crore, against Rs 1,457 crore in the same quarter of the previous year. This does not include the licensing fee for the molecules it has leased out. The company reported a net profit of Rs 190 crore compared with Rs 184 crore in the previous year, a marginal increase of 3%. The drug maker said it received a licensing fee of Rs 29 crore in the first quarter of 2014-15.

NEW DELHI: Cigarette maker Godfrey Phillips India (GPI) today reported a 32.93 per cent decline in its standalone net profit at Rs 53.78 crore for the first quarter ended June 30, due to lower sales. The company had reported a standalone net profit of Rs 80.19 crore in the same quarter a year ago. Godfrey Phillips' net sales during the April-June quarter stood at Rs 587.71 crore, down 13.98 per cent from Rs 683.29 crore in the same period last fiscal, the company said in a BSE filing.

NEW DELHI: To meet expenditures, government today sought Parliament's approval for an additional Rs 40,821.88 crore as the first batch of supplementary demands for grants for 2015-16, which includes Rs 12,010 crore meant for PSU bank recapitalisation. However, the net cash outgo will aggregate to only Rs 25,495.24 crore, while the rest of the amount would be matched by savings and enhanced recoveries. The first batch of Supplementary Demands for Grants 2015-16 was tabled in Parliament today by Finance Minister Arun Jaitley . The additional outlay towards bank recapitalisation will be Rs 12,010 crore.

NEW DELHI: Government's revenue collection from taxes on petrol and diesel rose to Rs 75,441 crore in 2014-15, a rise of over 60 per cent from 2012-13, Parliament was informed today. In 2012-13, the revenue from petrol and diesel stood at Rs 46,926 crore while in 2013-14, the government earned Rs 50,222 crore from these petroleum products, Minister of State for Finance , Jayant Sinha said in a written reply to Lok Sabha. The tax components include customs revenue and central excise revenue.

KOLKATA: Power major CESC Ltd today reported a net profit of Rs 152 crore for the first quarter of the 2015-16 fiscal, almost level with last corresponding period's profit of Rs 151 crore. "This year the profit was flat due to non-revision of tariff for the year. There is nine per cent growth if compared apple to apple (both years without tariff hike)," CESC chairman Sanjiv Goenka said here today. Sales for the quarter was valued at Rs 1,689 crore as against Rs 1,848 crore registered in the year-ago period.

NEW DELHI: Social impact venture capital firm Aavishkaar has invested Rs 32 crore in e-commerce logistics firm Connect India, the country's largest impact investment firm announced on Friday. Connect India is expected to use the proceeds from the round of funding to launch its commercial operations in 17 States, 150 towns and cities, with 1,500 Connect India Centres in rural and urban markets, the company said in a press release. "We believe that the Connect India model of developing village level entrepreneurs to bring efficient logistics and reverse logistics to taluka- and sub-taluka-level communities in could create substantial development and livelihood impacts in rural India," said Vineet Rai, founder of Aavishkaar.

MUMBAI: New interest rate futures (IRFs) contracts based on six-year and 13-year tenure government bonds made their debut on capital markets today with trading worth Rs 477.40 crore on the NSE. The new IRF contract on 6-year government of India bond bearing 8.27 per cent interest and maturing in 2020, opened at Rs 101.20. The 13-year government security bearing 7.88 per cent interest and maturing in 2030 opened at Rs 99.15, on the National Stock Exchange (NSE), according to its statement.

THIRUVANANTHAPURAM: The Kerala cabinet has approved the Detailed Project Report (DPR) of Light Metro transport schemes proposed for the state capital and Kozhikode, estimated to cost Rs 6,728 crore. With the cabinet clearing the DPR, follow up action of the project would be initiated after getting necessary sanction from the Centre, an official press release said. The two projects will be implemented by utilising the service of Delhi Metro Rail Corporation , which is implementing the Kochi metro project.

NEW DELHI: Foodgrains worth Rs 2.45 crore has been damaged in FCI godowns till June of this fiscal and disciplinary action has been taken against 13 officials, Food Minister Ram Vilas Paswan today said. State-run Food Corporation of India (FCI) stores foodgrains in scientific manner in covered godowns and in open storage. As on July 1, it was handling 54.5 million tonnes of wheat and rice stock. "Scientific code of practices for safe storage of foodgrains are followed during storage.